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Jan 30, 2013 11:30am PST
, the establishment of the district would have to validate this transaction. * approves when you val dade you have to be as specific as possible. if you make any changes you have to start the whole process and we wanted that flexibility. i'd be happy to answer any questions with respect to the financing. >> so, [speaker not understood], thank you for your presentation. i know we spoke in detail about this before. ran through the cash flows. i guess thing something, a topic for a future date, but something we talked about. what's the interest rate difference between commercial paper that we're going to be able to take down on this project versus the cops? >> it's approximately 20 basis points, .2 or less in the past few. >> that's commercial paper. >> correct. >> and the cops, what are we modeling in right now? >> we're modeling 6%. if we go to market it could be 3.7%. so, it's still considerably higher than the commercial paper. >> so regardless whether it's 3-1/2% or 5-1/2%, there's a massive difference in between. >> yes. >> and you are constricted in terms of the amount of your commercial paper
Search Results 0 to 1 of about 2 (some duplicates have been removed)